Bitcoin Struggles While Ether Rebounds: A Midweek Crypto ETF Overview

Midweek trading in the crypto exchange-traded fund ETF market presented a mixed picture. Bitcoin continued its streak of outflows, while Ether regained some momentum. XRP and Solana also saw increased inflows, indicating a selective risk appetite among investors.
On Wednesday, January 28, bitcoin spot ETFs experienced a net outflow of 19.64 million, with Blackrock s IBIT leading the exits at 14.18 million. Other notable outflows came from Bitwise s BITB and Ark & 21Shares ARKB. Despite Fidelity s FBTC attempting to counter this trend with an inflow of 19.45 million, it was insufficient to offset the overall selling pressure.
In contrast, ether spot ETFs recorded a positive shift with an inflow of 28.10 million. The majority of this came from Blackrock s ETHA, which attracted 27.34 million, while Fidelity s FETH added a smaller amount of 752,000.
XRP ETFs continued their upward trend with an inflow of 6.95 million. The demand was led by Franklin s XRPZ with 3.13 million, followed by Grayscale s GXRP and Canary s XRPC. Solana ETFs also performed well, posting a net inflow of 6.69 million, primarily driven by Bitwise s BSOL.
Overall, the day s trading highlighted a rotation within the crypto ETF market rather than a complete retreat. While bitcoin faced ongoing pressure, ether showed signs of stabilization, and the consistent inflows into XRP and Solana suggested that investors are still willing to selectively deploy capital.